Trillium Asset Management LLC Cuts Stock Position in Chipotle Mexican Grill, Inc. $CMG

Trillium Asset Management LLC reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 599,597 shares of the restaurant operator’s stock after selling 181,971 shares during the quarter. Trillium Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $22,503,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth about $25,000. Wealth Watch Advisors INC purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth about $25,000. Murphy & Mullick Capital Management Corp boosted its holdings in shares of Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. Winthrop Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter worth about $31,000. Finally, Ankerstar Wealth LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth about $33,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CMG. Stephens upped their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Mizuho raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $37.00 to $40.00 in a research note on Friday, March 20th. Raymond James Financial lowered their target price on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Guggenheim lowered their target price on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Morgan Stanley set a $37.00 target price on Chipotle Mexican Grill and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Twenty-four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.48.

Chipotle Mexican Grill Trading Up 3.0%

NYSE CMG opened at $32.20 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $58.42. The stock has a 50-day moving average of $32.75 and a 200-day moving average of $35.19. The firm has a market cap of $41.30 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the company posted $0.29 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.